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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FFBC
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Green day on Friday for First Financial Bancorp.
(Updated on May 03, 2024)

Buy or Hold candidate since Apr 29, 2024 Gain 4.53% PDF

The First Financial Bancorp. stock price gained 0.91% on the last trading day (Friday, 3rd May 2024), rising from $23.08 to $23.29. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.69% from a day low at $23.14 to a day high of $23.53. The price has risen in 6 of the last 10 days and is up by 6.4% over the past 2 weeks. Volume fell on the last day by -36 thousand shares and in total, 239 thousand shares were bought and sold for approximately $5.56 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $22.82 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $24.83 sometime during the next 3 months.

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FFBC Signals & Forecast

Mostly positive signals in the chart today. The First Financial Bancorp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $22.63 and $21.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 12.03%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for First Financial Bancorp. stock

On the downside, the stock finds support just below today's level from accumulated volume at $21.89 and $21.37. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, First Financial Bancorp. finds support just below today's level at $21.89. If this is broken, then the next support from accumulated volume will be at $21.37 and $21.12.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.390 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 2.12%.

The First Financial Bancorp. stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $22.53 (-3.28%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (FFBC) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect First Financial Bancorp. to open at $23.32, and during the day (based on 14 day Average True Range), to move between $22.76 and $23.82, which gives a possible trading interval of +/-$0.532 (+/-2.28%) up or down from last closing price. If First Financial Bancorp. takes out the full calculated possible swing range there will be an estimated 4.57% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $21.89, some $1.40 (6.01%) from the current price of $23.29, our system finds the risk reward attractive.

Is First Financial Bancorp. stock A Buy?

First Financial Bancorp. holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.908 Strong Buy Candidate Unchanged

Predicted Opening Price for First Financial Bancorp. of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$23.32 ( 0.129%) $23.29

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FFBC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.71 1.80 %
R2 23.56 1.16 %
R1 23.47 0.768 %
Current price: 23.29
Support S1 23.17 -0.511 %
S2 23.08 -0.91 %
S3 22.93 -1.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 23.29
Support S1 21.89 -6.01%
S2 21.37 -8.24%
S3 21.12 -9.32%

FFBC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 25, 2024 Jun 03, 2024 Jun 17, 2024 $0.230 0.99%
2 Jan 25, 2024 Feb 29, 2024 Mar 15, 2024 $0.230 1.08%
3 Oct 24, 2023 Nov 30, 2023 Dec 15, 2023 $0.230 0.97%
4 Jul 25, 2023 Aug 31, 2023 Sep 15, 2023 $0.230 1.13%
5 Apr 25, 2023 May 31, 2023 Jun 15, 2023 $0.230 1.05%

FAQ

What is the symbol for First Financial Bancorp. Stock and on which exchange is it traded?
The symbol for First Financial Bancorp. is FFBC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell First Financial Bancorp. Stock?
First Financial Bancorp. holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy First Financial Bancorp. Stock?
First Financial Bancorp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy First Financial Bancorp. Stock.

What's the current price of First Financial Bancorp. Stock?
As of the end of day on the May 03, 2024, the price of an First Financial Bancorp. (FFBC) share was $23.29.

What is the 52-week high and low for First Financial Bancorp. Stock?
The 52-week high for First Financial Bancorp. Stock is $24.99 and the 52-week low is $17.24.

What is the market capitalization of First Financial Bancorp. Stock?
As of the May 03, 2024, the market capitalization of First Financial Bancorp. is 2.214B.

When is the next earnings date for First Financial Bancorp.?
The upcoming earnings date for First Financial Bancorp. is Jul 18, 2024.
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About First Financial Bancorp.

First Financial Ban. First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois. The company accepts various deposit products, such as interest-bearing and noninterest-bearing accounts, time deposits, and cash management services for commercial customers. It also provides real estate loans secured by residential prop... FFBC Profile

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